Monthly Archives: May 2009
Hedge Funds Not as Weak as Media Portrays
Seeking Alpha – For the last few months, the media has portrayed the hedge fund industry as in desperate need to hang on to as much capital as possible. Hedge fund limited partners have purportedly been lining up demanding breaks […]
Proactive Preparations For Hedge Fund Regulation
West Palm Beach (HedgeCo.net) – In a white paper which was presented to high-level asset managers in New York by FinServ Consulting, ‘Preparing for Alternative Asset Management Regulation’, it is said that hedge funds should be prepared to identify, aggregate […]
MFA Supports the Registration of Hedge Fund Advisors
West Palm Beach (HedgeCo.net) – In testimony before the House Financial Services Subcommittee; “Perspectives on Hedge Fund Registration”, the Managed Funds Association (MFA) announced its support for the new push for mandatory registration of managers with the SEC. "Though hedge […]
Hedge fund millionaire trumps offer for Panmure
Reuters UK – Hedge fund millionaire Bertrand des Pallieres’s SPQR Capital has launched a bid to trump BlueGem Water’s proposed stake building in stockbroker Panmure Gordon & Co. SPQR said that, via vehicle P.G. Holdings, it proposed to take part […]
Hedge fund AUM below $1 trillion: New Finance Capital
Reuters – Hedge fund assets under management around the world have probably fallen below $1 trillion, a top executive at hedge fund New Finance Capital LLP (NFC) said on Thursday. "There has been an enormous contraction in this industry. The […]
Madoff buddy, Ezra Merkin, sued over plunder from Ponzi scheme
New York Daily News – Ezra Merkin should have known better, a lawsuit claims. The Park Avenue hedge fund king funneled investments to Bernie Madoff and received millions in fees Merkin knew were the spoils of a massive Ponzi scheme, […]
Hedge-Funder Cliff Asness Is Not Afraid of Barack Obama
Nymag.com – As monied housewives have seized upon the confessional essay as a means of expressing their feelings about the Greatest Depression, finance professionals have taken it upon themselves to resurrect a genre of letters that had, in the good […]
AIMA Guide to Sound Practices for Funds of Hedge Funds Managers
West Palm Beach (HedgeCo.net) – Global hedge fund association AIMA (The Alternative Investment Management Association), has published the world’s first global Guide to Sound Practices for Funds of Hedge Funds Managers. The guide was developed by some of the world’s […]
SHINE as 100 Women in Hedge Funds’ 2009 Beneficiary
West Palm Beach (HedgeCo.net) – Childrens educational program SHINE has been named UK Charity of the year by 100 Women in Hedge Funds and beneficiary of its Annual London fundraising event in October. “It is always a difficult process to […]
MassMutual unit told to return funds from Madoff
Boston Globe – The trustee in the bankruptcy case of swindler Bernard L. Madoff has told a hedge fund business owned by Massachusetts Mutual Life Insurance Co. to return money that it received from Madoff over the past six years. […]
Global hedge funds back U.S. oversight of advisers
Reuters – A global hedge fund industry group backs U.S. plans to require hedge fund advisers to register with federal regulators, a move that would align U.S. rules with those in the UK. The Alternative Investment Management Association, in remarks […]
Persky’s Dalton hedge fund to bet on distressed debt
Reuters – Hedge fund manager Steven Persky plans to start betting on companies’ bad fortunes again. Persky, who runs $1 billion hedge fund firm Dalton Investments, said on Wednesday he will re-launch his distressed debt strategy three years after liquidating […]